debt
confidence high
sentiment neutral
materiality 0.50
Lakeside Holding closes $500K second tranche of convertible note financing; issues warrants
Lakeside Holding Ltd
- Second tranche of $500K principal 7% OID secured convertible note closed on April 22, 2025.
- Initial conversion price $1.1929; floor price $0.20; note matures July 22, 2026.
- Investor received warrants to purchase 202,082 shares at $1.1929 per share.
- First tranche ($1M) closed March 5, 2025; combined notes total $1.5M principal.
- Securities sold in private placement exempt under Section 4(a)(2) of Securities Act.